Ethereum risks another 15% correction after the fall below $ 2,000

ethereum (eth) has reviewed annual minimums after losing the key support of $ 2,000, registering its worst performance in years. Some analysts predicted another 15% drop if the trend continues but suggested that eth could see a end of the year.

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ethereum hits 17 months under

ethereum experienced a 15% correction on Monday, falling from $ 2,150 to $ 1,810. The eth yield followed bitcoin (btc) and the rest of the market setback, which saw that the cryptographic badge fell to $ 76,000 for the first time since the breakdown after the elections began.

As the setback continued, the second largest cryptocurrency for market capitalization fell to its lowest level since November 2023, playing the $ 1,750 mark before recovering the $ 1,900 support.

Some market observers pointed out that ethereum has been in a three -month bearish trend, returning about 53% since its December peak. Trader crypto Rand <a target="_blank" href="https://x.com/crypto_rand/status/1899115323728507345″ target=”_blank” rel=”nofollow”>noted That the king of Altcoins has 20 days “to become green” or “will be the first time since 2018 that eth has experienced 4 x months of consecutive red.”

That year, eth spent seven consecutive months registering two -digit losses, losing approximately 80% of its value from May to November. Coinglase data show that Marcha tends to be a favorable month for cryptocurrency, with an average yield of 20% since 2016.

In 2024, the cryptocurrency closed the month with profits of 9.33%, after a strong 46% yield in February. However, the feeling of the market has decreased after a consecutive negative yield this year, with a decrease of 1.98% and 31.95% in January and February, respectively.

The cryptocurrency records a loss of 15.12% monthly (MTD) and could see its worst Q1 closed since 2018 at the current levels. As a result, ethereum must close this month above the $ 2,237 brand to avoid its second historical performance.

eth falls to $ 1,600 watching?

Some market observers stressed that the current cryptocurrency performance reached FTX-Crash levels, with a feeling towards a deeper correction. Cryptographic Ted Pillow analyst <a target="_blank" href="https://x.com/TedPillows/status/1899425158374228048″ target=”_blank” rel=”nofollow”>noted that ethereum could see another 15% correction now that the $ 2,000 support has been lost.

According to the post, “there is a good possibility that eth again tests the level of $ 1.6k- $ 1.8k” since the “manipulation phase is ongoing.” The analyst suggested a potential power of three (PO3) pattern in the eth table, which divides the price cycle into three distinctive phases: accumulation, manipulation and distribution.

The accumulation phase consists of consolidation near the recent maximum after strong price performance. In the manipulation phase, the price of a token falls below the support level of the accumulation phase and quotes within a range below the lost area. Meanwhile, the distribution phase sees a strong price break to generate impulse and boost participants to enter the market.

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TED too <a target="_blank" href="https://x.com/TedPillows/status/1898388897576505718″ target=”_blank” rel=”nofollow”>fixed That current eth performance “seems to be operating as the 2016-17 cycle.” At that time, ethereum consolidated for about a year and fell below the range of the range of the range for a few weeks before increasing the new maximums.

eth has been “consolidating for a year and recently broke below a key support level”, suggesting that the second half of 2025 could be optimistic for cryptocurrency if the story is repeated.

At the time of writing this article, ethereum lies at $ 1,947, an increase of 4.47% in the daily period.

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